Cambria Investment Management

Cambria Investment Management is an independent investment advisory firm specializing in quantitative asset management and the management of exchange-traded funds (ETFs). Founded in 2006 by Mebane Faber and Eric Richardson, the firm is recognized for its research-driven approach to global value, shareholder yield, and tactical asset allocation strategies. While Cambria is primarily a financial services provider rather than a biotechnology company, it manages thematic investment products such as the Cambria Cannabis ETF (TOKE), which provides exposure to companies in the legal cannabis and hemp industries. The firm is headquartered in Manhattan Beach, California, and serves a broad range of institutional and retail investors through its rules-based investment solutions.